Grant Compliance Services


As a tool to help mitigate reputational risk and ensure that grant recipients are delivering full value on their funded commitments, grant compliance review services are becoming increasingly important to private foundations.

The Grassi & Co. grant compliance review process is designed to examine grantee reporting, recordkeeping and internal and operational controls to provide greater assurance that a private foundation's funded programs are operating efficiently and successfully and that any identified deficiencies are corrected in a timely manner.  Specifically, compliance reviews provide a greater level of reporting oversight -- reviewing approvals of expenditures, reimbursement requests, and providing general support and best practice recommendations to a foundation's programmatic grantees.  

In addition to the review of grant reporting, Grassi & Co. will also review your foundation's policies and procedures to verify that proper processes and systems are in place to efficiently monitor the performance of your grants. It is important to periodically assess your policies and procedures to verify that proper processes and systems are in place to manage your grant dollars effectively and with proper oversight.  

Areas that may be addressed typically include:
  • Internal Controls
  • Cash Disbursement Procedures
  • Payroll and Time Records
  • Expense Reimbursements
  • Bank Reconciliation Preparation and Review
  • Cash Management
  • Financial Reporting
  • Activity Reports
  • Business Processes Associated with Program Delivery
  • Conflict of Interest Policy
  • Whistleblower Policy
  • Contractor/Consultant Agreements
Generally, foundations that pursue a grant monitoring program work with us to develop a compliance review plan and monitor the program on an annual basis, either using our resources as an outsourced provider or hiring us to implement the program and train their own staff to execute the compliance reviews and provide feedback to grant recipients.



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